German unification and the European monetary system: a quantitative analysis
Abstract: This paper uses a macroeconomic model with rational expectations to analyze issues related to German unification. A principal focus of the paper is the effect of unification on member countries of the European Monetary System. Under certain conditions, German unification has a contractionary effect on other EMS countries. We explore the implications for EMS and other countries of alternative German fiscal and monetary policies.
File(s): File format is text/html http://www.federalreserve.gov/pubs/ifdp/1992/421/default.htm
File(s): File format is application/pdf http://www.federalreserve.gov/pubs/ifdp/1992/421/ifdp421.pdf
Part of Series: International Finance Discussion Papers
Publication Date: 1992